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MARKET OUTLOOK

Triton Market Research’s report insinuates that the Middle East and Africa medical lighting technologies market is likely to develop at a CAGR of 4.62% in the years 2021-2028. Saudi Arabia, the UAE, South Africa, Turkey, and Rest of Middle East & Africa shape the market in this region. 

As per estimates, Saudi Arabia has spent significantly in the development of its healthcare infrastructure. Additionally. The country has observed substantial growth in its population base, along with the rise in lifestyle-oriented diseases. These changes have enhanced the demand for health services across the nation. Thus, the growing demand for healthcare, coupled with healthcare expenditure, will amplify the need for medical lighting products across the health sector. Hence, all these factors are estimated to generate several new opportunities for the medical lighting technologies market over the forecast period in Saudi Arabia. 

Similarly, the healthcare system has reformed at a rapid pace in Turkey. This is mainly owing to the launch of the health transformation program. In addition, the country has emerged as a leading medical and healthcare country in the region, and a top competitor with the US. Along with this, there has been a surge in healthcare expenditure, which will add to the development of the studied market. Other than this, the pandemic led to an increase in the number of hospitals, increasing the demand for medical lighting products. Therefore, these trends are driving the expansion of Turkey’s medical lighting technologies market. 

COMPETITIVE OUTLOOK

The major firms in the medical lighting technologies market consist of Eaton Corporation Plc, Daray Medical, Integra Lifesciences Holdings Corporation, GE Healthcare, Stryker Corporation, Cree Inc, Brandon Medical Co Ltd, and A-Dec Inc.